5 Best High-Yield Dividend Stocks To Buy Now

3. Altria Group, Inc. (NYSE:MO)

Number of Hedge Fund Holders: 45
Dividend Yield as of March 18: 8.30%

Altria Group, Inc. (NYSE:MO) is a Virginia-based producer and marketer of tobacco, cigarettes, and related products. The company reported a strong cash position in FY22 as it returned nearly $6.6 billion to shareholders in dividends. It is among the best high-yield dividend stocks on our list.

Altria Group, Inc. (NYSE:MO) is a Dividend King with 53 consecutive years of dividend growth. The company currently pays a quarterly dividend of $0.94 per share and has a dividend yield of 8.30%, as of March 18.

At the end of Q4 2022, 45 hedge funds tracked by Insider Monkey reported owning stakes in Altria Group, Inc. (NYSE:MO), compared with 47 in the previous quarter. These stakes have a total value of over $1.8 billion.

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